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Personal Finance and Investing

PoindexterOglethorpe

(26,773 posts)

3. People think they are clever enough to try to time the market.

Reply to progree (Original post)

Sat Jun 6, 2020, 09:12 AM

Jun 2020

They can't. There are something like a half dozen days in each year when the market makes big moves, and if you're out, you lose. Simple as that.

Buy a diversified group of funds, or if you must, stocks. And pretty much leave them alone for the long term. There are times when you might want to do some re-balancing, if some sector gets out of whack in one way, but constant buying and selling, even if there were no costs in

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The people who lost any money investing in the S&P 500: [View all] progree Jun 2020 OP

Or those who sold a couple months ago FBaggins Jun 2020 #1

Sure. Anyone who sold except between those two dates has lost out compared to a buy-and-hold progree Jun 2020 #2

People think they are clever enough to try to time the market. PoindexterOglethorpe Jun 2020 #3